CL Redux

Quote from schizo:

Flip short 80.22

Wide SL 81.22
PT 78.10

I plan to take it easy for the day. Also I have a nasty feeling that should we fall below 80, we ain't coming back for some time.

Hence, I'll keep you entertained with my otherwise not so accurate comments peppered with a chart or two. Stay tuned. :)
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Alright, bailing out here at 79.93

For now that is. Unless the situation improves dramatically, I will look to short again later.
 
Quote from trackstar:

we have closed about 80 since the 2nd. This would indicate a major reversal.
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Sorry, but I'm not sure what you mean. We've had three occasions since the 2nd when 80 was breached. All three times, the bears got hosed. But then again, three on a match usually ends quite tragically.
 
Quote from schizo:

Sorry, but I'm not sure what you mean. We've had three occasions since the 2nd when 80 was breached. All three times, the bears got hosed. But then again, three on a match usually ends quite tragically.
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6zln6g.jpg


replied to you in the pic...


I believe the rug has been pulled out for now, the question is where will the support come back in.
 
Quote from trackstar:



replied to you in the pic...


I believe the rug has been pulled out for now, the question is where will the support come back in.
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Thanks for the chart. Of course, nothing is off the table. But I believe the correction is way overdue.
 
Quote from Sarvise:

Take a look at that spike in gold.

They think it was a torpedo and it seems they (the South) fired back at another ship (the North's)

http://english.yonhapnews.co.kr/

Best trading,

Jorge
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It seemed such a credible source at the time. What can you trust these days?

I guess I can trust in the same reaction given the same stimulus.
 
Maybe a slower/lighter volume week

Passover will start on Tuesday, the 30th of March

Good Friday holiday

NYMEX & COMEX® and DME Products on CME Globex

Thursday, Apr 1 1615 CT / 1715 ET – Regular CME Globex close for trade date Thursday, Apr 1

Friday, Apr 2 No CME Globex Trading on Good Friday

Sunday, Apr 4 1700 CT / 1800 ET – Regular CME Globex open for trade date Monday, Apr 5
 
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